About Zynex
Zynex is a company based in Lone Tree (United States) founded in 1996.. The company has 1,000 employees as of December 31, 2024. Zynex has completed 2 acquisitions, including Kestrel Labs and NeuroDyne Medical. Zynex offers products and services including NexWave, Zynex Pro LSO Braces, Zynex Pro OA Knee Brace, and Saunders CT. Zynex operates in a competitive market with competitors including Noctrix Health, Neurovalens, Brain in Hand, Trexo Robotics and Neurofenix, among others.
- Headquarter Lone Tree, United States
- Employees 1000 as on 31 Dec, 2024
- Stage Public
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Zynex, Inc.
-
Annual Revenue
$192.35 M4.36as on Dec 31, 2024
-
Net Profit
$2.99 M-69.24as on Dec 31, 2024
-
EBITDA
$10.77 M-28.19as on Dec 31, 2024
-
Latest Funding Round
$696 K (USD), Post-IPO
Jan 01, 2007
-
Investors
-
Employee Count
1000
as on Dec 31, 2024
-
Investments & Acquisitions
Kestrel Labs
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of Zynex
Zynex is a publicly listed company on the NASDAQ with ticker symbol ZYXI in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Zynex
Zynex offers a comprehensive portfolio of products and services, including NexWave, Zynex Pro LSO Braces, Zynex Pro OA Knee Brace, and Saunders CT. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Prescription device for IFC, TENS, and NMES to manage debilitating pain.
Braces providing relief for secondary back pain and lateral support.
Brace offering superior relief for knee pain from osteoarthritis.
Device for safe, effective home traction to alleviate neck pain.
Unlock access to complete
Unlock access to complete
Funding Insights of Zynex
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $696,000
-
First Round
First Round
(01 Oct 2006)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2007 | Amount | Post-IPO - Zynex | Valuation |
investors |
|
| Oct, 2006 | Amount | Debt – Conventional - Zynex | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Zynex
Zynex has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kestrel Labs and NeuroDyne Medical. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Photoplethysmography monitoring devices are manufactured by Kestrel Labs.
|
2001 | ||||
|
Manufacturer of medical instruments and disposable electrodes
|
1993 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Zynex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zynex Comparisons
Competitors of Zynex
Zynex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Noctrix Health, Neurovalens, Brain in Hand, Trexo Robotics and Neurofenix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wearable therapeutic devices for neurological disorders are developed.
|
|
| domain | founded_year | HQ Location |
A headset-like device for obesity treatment is developed by Neurovalens.
|
|
| domain | founded_year | HQ Location |
Assistive technology is developed for impaired executive brain functions.
|
|
| domain | founded_year | HQ Location |
Battery-operated exoskeletons for children with disabilities are developed.
|
|
| domain | founded_year | HQ Location |
Medical devices for neurorehabilitation are manufactured for therapy sessions.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Zynex
Frequently Asked Questions about Zynex
When was Zynex founded?
Zynex was founded in 1996 and raised its 1st funding round 10 years after it was founded.
Where is Zynex located?
Zynex is headquartered in Lone Tree, United States. It is registered at Lone Tree, Colorado, United States.
How many employees does Zynex have?
As of Dec 31, 2024, the latest employee count at Zynex is 1,000.
What is the annual revenue of Zynex?
Annual revenue of Zynex is $192.35M as on Dec 31, 2024.
What does Zynex do?
Zynex was founded in 1996 and is headquartered in Lone Tree, United States. Operations focus on the medical devices sector, with non-invasive products developed for electrotherapy and stroke rehabilitation. Three segments are maintained: Zynex Medical for home-use electrotherapy, Zynex Monitoring Solutions for hospital cardiac monitoring, and Zynex NeuroDiagnostics for EMG and EEG diagnostics in neurology.
Who are the top competitors of Zynex?
Zynex's top competitors include Neurovalens, Noctrix Health and Brain in Hand.
What products or services does Zynex offer?
Zynex offers NexWave, Zynex Pro LSO Braces, Zynex Pro OA Knee Brace, and Saunders CT.
Is Zynex publicly traded?
Yes, Zynex is publicly traded on NASDAQ under the ticker symbol ZYXI.
How many acquisitions has Zynex made?
Zynex has made 2 acquisitions, including Kestrel Labs, and NeuroDyne Medical.
What is Zynex's ticker symbol?
The ticker symbol of Zynex is ZYXI on NASDAQ.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.